Massachusetts Lottery

MALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jun 10, 2026 is estimated to be $238 Million, with a cash option of 106.1 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Massachusetts, your state will take 5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Massachusetts Powerball Jackpot/Cash Option for Wed Jun 10, 2026

Draw Date	Jackpot	Cash Option
Wed Jun 10, 2026	$238,000,000	$106,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$106,100,000
Federal Tax(24%)	$25,464,000
Additional Federal Tax	$13,753,330
State Tax(5%)	$5,305,000
Net Lumpsum Payment	$61,577,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,582,138	-$1,285,721 -$179,107	$2,117,310
2	$3,761,352	-$1,352,031 -$188,068	$2,221,253
3	$3,949,372	-$1,421,598 -$197,469	$2,330,305
4	$4,146,912	-$1,494,688 -$207,346	$2,444,878
5	$4,354,210	-$1,571,388 -$217,711	$2,565,111
6	$4,571,980	-$1,651,963 -$228,599	$2,691,418
7	$4,800,460	-$1,736,501 -$240,023	$2,823,936
8	$5,040,602	-$1,825,353 -$252,030	$2,963,219
9	$5,292,644	-$1,918,609 -$264,632	$3,109,403
10	$5,557,300	-$2,016,531 -$277,865	$3,262,904
11	$5,835,046	-$2,119,297 -$291,752	$3,423,997
12	$6,126,834	-$2,227,259 -$306,342	$3,593,233
13	$6,433,140	-$2,340,592 -$321,657	$3,770,891
14	$6,754,916	-$2,459,649 -$337,746	$3,957,521
15	$7,092,638	-$2,584,606 -$354,632	$4,153,400
16	$7,447,258	-$2,715,816 -$372,363	$4,359,079
17	$7,819,490	-$2,853,542 -$390,975	$4,574,973
18	$8,210,524	-$2,998,224 -$410,526	$4,801,774
19	$8,621,074	-$3,150,128 -$431,054	$5,039,892
20	$9,052,092	-$3,309,604 -$452,605	$5,289,883
21	$9,504,768	-$3,477,095 -$475,238	$5,552,435
22	$9,980,054	-$3,652,950 -$499,003	$5,828,101
23	$10,478,902	-$3,837,524 -$523,945	$6,117,433
24	$11,002,978	-$4,031,432 -$550,149	$6,421,397
25	$11,552,996	-$4,234,939 -$577,650	$6,740,407
26	$12,130,860	-$4,448,749 -$606,543	$7,075,568
27	$12,737,284	-$4,673,125 -$636,864	$7,427,295
28	$13,374,172	-$4,908,774 -$668,709	$7,796,689
29	$14,042,952	-$5,156,223 -$702,148	$8,184,581
30	$14,745,052	-$5,416,000 -$737,253	$8,591,799